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E1: 07Y: P07810 W-2 Local Tax For Portland Oregon Supportive Housing Services: Addressing Homelessness (Doc ID 2800603.1)

Last updated on JANUARY 25, 2022

Applies to:

JD Edwards EnterpriseOne US Payroll - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

 Oregon—Metro Supportive Housing Services Taxes Administrative Rules Adopted.

In May 2020 voters in greater Portland approved a measure to fund supportive housing services for people experiencing or at risk of experiencing homelessness. This program will provide funding for housing assistance and wraparound services, with the goal of ending chronic homelessness in the region. The program is funded by two separate taxes: a 1% personal income tax on taxable income above $125,000 for individuals and $200,000 for those filing jointly, and a 1% business income tax on net income for businesses with gross receipts above $5 million. This tax became effective January 1, 2021, and will expire in 2030 unless reauthorized by Metro voters.

Update from Vertex on 07/15/21, Vertex indicates programming in the software is current on the way to support this tax.  Please be on the look out for new few monthly update from Vertex.

The employer must provide the employee with a Form W-2 by January 31st following year end. The employer should report wages and personal income tax withheld in the local wages and local income tax boxes on the form, using locality name 'Metro'.
 
STEPS:

  1. Setup an employee that live and work in Portland Oregon.
  2. Run payroll to create history for the new tax type.
  3. Run the P07810 year end build for employee from step 1 above
  4. confirmed that new tax type for Portland is not on the local box of the W-2

Changes

 New leg/reg https://www.oregonmetro.gov/public-projects/supportive-housing-services/taxes-and-funding

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References

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